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Bullboard - Stock Discussion Forum Premier Health of America Inc V.PHA

Premier Health of America Inc. is a Canadian healthtech company. The Company provides a comprehensive range of outsourced service solutions for healthcare needs to governments, corporations, and individuals. The Company uses its proprietary LiPHe platform to lead the healthcare services sector in digital transformation to provide patients with more accessible care services. The Company operates... see more

TSXV:PHA - Post Discussion

Premier Health of America Inc > Premier Health should be treated like a stock option
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Post by Torontojay on Apr 05, 2023 9:10am

Premier Health should be treated like a stock option

You either stand to win a lot of money or you lose your principal. It would be very difficult for Premier Health to stay in business given the debt levels if Quebec implements this bill. Canada has become such an authoritarian regime that the free market approach has been thrown out the window. Too much government regulation and overreach is bad for the economy.

I would treat this stock as a stock option. Don't have too much of your wealth/capital invested because you could lose it all. If you are willing to tolerate additional risk without being heavily invested, then this could pay off big time.
Comment by CauseWhyNot on Apr 05, 2023 10:36am
Although I agree with you on the debt level worry, it's my understanding the loans were specific to the acquisition and the ebitda of the company they were buying had to support the loan amount. (I could be seriously wrong here). But if that is the case, they could lose quebec altogether and still support payments. how far am I off?
Comment by CauseWhyNot on Apr 05, 2023 10:37am
Haha they guy/s with blocks of stock for sale tend to disagree with me... anyone speak with management ?
Comment by Torontojay on Apr 05, 2023 12:28pm
I don't see how the company can piggy back off the Canadian operations alone and be profitable.  You have added interest expense costs rising, and corporate costs that would wipe out any money left over from CHCA nursing. Goodwill impairment from the Quebec operations would significantly reduce book value.  Remember, the company doesn't hold a lot of tangible value. They ...more  
Comment by Torontojay on Apr 05, 2023 12:38pm
* Canadian operations should read Ontario operations.  Im not trying to be political here :) 
Comment by pennylane101 on Apr 06, 2023 9:23am
I think you're being an alarmist here.  This is a long term plan i.e., 3 years and the bill hasn't even passed.  Furthermore, PHA has other clients besides the government and didn't the Quebec government put out tenders in Dec 2022 for contract renewals?  Here is the title of the article: Quebec ready to grant more than 8 million hours of health-care work to private ...more  
Comment by CauseWhyNot on Apr 06, 2023 12:59pm
Thanks for sharing 
Comment by colourama on Apr 11, 2023 11:03am
Thanks for sharing - I thought this (opinion) piece was also relevant on the same topic, from Dec. 2022: https://montrealgazette.com/opinion/opinion-private-sector-has-a-role-to-play-in-revamping-health-care In it, they say (I haven't verified sources) that in France, "private companies and non-profit organizations account for 40% of care providers in the governmental insurance plan ...more